20792 Elkview RdRichmondMN56368
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Investment property for sale in Richmond at 20792 Elkview Rd, Richmond, MN, 56368 earns from $1,242/mo rent with a $1,226/mo payment. Total monthly income totals $1,242/mo. ROI tracks 15.25% on current figures, and rental yield reads 5.95% at a $250,500 purchase. Equity gained on principal adds $1,616/yr, and 5% annual appreciation supports $69,209 over five years. Five-year ROI reaches 77.93% and total cumulative return in cash sums $64,715. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,242/mo property income instead of your personal income.
Single Family
Built in 2017
0.26 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56368, Richmond, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,441 (100%) |
| Owner Occupied HU | 1,601 (65.6%) |
| Renter Occupied HU | 169 ( 6.9%) |
| Vacant Housing Units | 671 (27.5%) |
| Median Home Value | $378,660 |
| Average Home Value | $441,073 |
Housing Distribution
Address Breakdown
Residential
1,624
Single Family
1,604
Multi-Family
20
Businesses
107
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Listed by: Tana Stoufer • True Real Estate
Mls Name: RASM
Mls Provider:
Mls ID: #7037429
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Copyright 2025, REALTOR Association of Southern MN. All Rights Reserved. Last Updated: 2025-10-24 04:39:22 PDT